The Fastest Way to Get Rich in Real Estate!

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 24 January 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Ever wondered how to start in real estate with ZERO experience? Meet Ty Downey—a full-time employee who decided to take massive action and dive into real estate investing. In just 64 days, he went from knowing nothing about wholesaling to closing two deals and making $14,000!

In this episode of Rich Dad Radio, we break down Ty’s journey:
- How he started with no money and no experience
- The exact steps he took to build a network of investors
- How one Facebook post opened doors to private money lenders
- Why cold calling was the game-changer for finding deals
- The biggest lesson for anyone looking to break into real estate

If you think you need thousands of dollars to start investing, think again. Ty proves that with the right mindset, mentorship, and action, success is within reach!

00:00 Introduction
01:05 Meet Ty Downey: The Hustling Investor
03:25 Starting a Real Estate Business
05:58 Building a Network and Finding Deals
09:23 First Flip and Learning the Ropes
11:31 Shifting Focus: From Flipping to Wholesaling
17:37 Tools of the Trade: Dialers and Skip Tracing
18:44 The Importance of Education and Mentorship
20:54 The Abundance of Capital for Real Estate Deals
21:39 Understanding the Target Market
22:30 Overcoming Financial Obstacles
23:26 The Importance of Quality Conversations
24:08 Building a Wholesaling Business
25:21 Effective Cold Calling Strategies
27:07 Breaking Down a Successful Deal
30:11 The Power of Mentorship
33:33 Achieving Financial Freedom
36:30 Final Thoughts and Encouragement

Transcript

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0:00.0	This is the Rich Dad Radio Show, the good news and bad news about flipping real estate.
0:05.8	Here's your host, Brent Daniels.
0:09.6	Welcome back to Rich Dad Radio, where we're talking about the good news and the bad news about flipping real estate.
0:16.9	I'm your host Brent Daniels, Mr. TTP, Mr. Talk to People. And my job on this show is to bring you real life.
0:27.4	You know, sometimes I listen to podcasts and people are so polished. They're so put together.
0:33.4	They've been interviewed dozens, if not hundreds of times. I want to bring on the people that are just getting started.
0:39.2	I want to bring on the people that have closed a deal and they've never been interviewed in their life because you know it's authentic.
0:48.0	And when you know it's authentic, it allows you the permission to give yourself that you can do this.
0:55.7	You can go out there, take massive imperfect action, and start chipping away at your real estate goals, your real estate dreams, whatever it is.
1:04.9	And this podcast interview is absolutely incredible.
1:09.7	It's a real estate investor out of Wichita, Kansas, and I'm so
1:13.1	excited to share this with you. Check it out. I'd like to welcome to the show from Wichita,
1:17.7	Kansas. Ty, Downey. Ty, how are you? I'm doing great, brother. How are you doing? I am excited.
1:23.7	I'm excited because you right now are spending 100 hours a week working. And I want to
1:32.7	clarify this, uh, you have a full time job. That's right. You work full time. You're putting in,
1:38.5	I assume an eight to five. Is that right? I work from 5 a.m. till till about two 30 p.m. Monday through Friday and some
1:47.6	weekends when needed and that's that that's just that's just something that you've done for a while
1:53.5	you've been in that line of work for a while yes sir that's right and then what do you do when you get
1:58.9	off work I am full all gas and no break on the real estate and the wholesaling.
2:06.1	Like, until I go to bed every day, seven days a week.
2:09.9	I spent 17 hours in my home office yesterday.
2:15.0	Let's call it 3 o'clock on in the evenings and then weekends. Is that right?
	...

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